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Promotional image for My 17 Gay Friends, a short film crowdfunded in China

Three years after the launch of China's first crowdfunding website in July 2011, the idea is “gradually catching on,” as the Wall Street Journal reported in January. The World Bank estimates the market potential in China by 2025 to be US$46 - $50 billion dollars. Modern China scholar Julian Gewirtz argues in a Tea Leaf Nation post that the crowdfunding trend might even usher in political change in China. However, as crowdfunding is subject to the same constraints as other forms of online media, that is an extremely optimistic assertion.

The American Journalism Review took a closer look at how former Politico writer Ben Smith is growing the news aggregation site BuzzFeed. He joined the site as editor-in-chief last month. As AJR reports, he has been shifting the site's focus more towards original content and hiring new staff members, with coverage of the 2012 election campaign playing a key role.